Overview
What is Lutheran Retirement Center - Salisbury Inc?
Lutheran Retirement Center - Salisbury Inc is a nonprofit organization dedicated to serving retirees, in alignment with the Lutheran Services for the Aging, Inc. (LSA). Their mission, "empowered by Christ, we walk together with all we serve," guides their provision of residential and assisted living services. They aim to make a difference in the lives of seniors, supporting their overall well-being.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Lutheran Retirement Center - Salisbury Inc has earned an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance, with a fully independent board and effective oversight mechanisms in place, contributing positively to its overall score.
The nonprofit's financial management is commendable, reflected in a high program expense ratio of 83.38%, ensuring that a significant portion of its resources is directed towards its mission. The presence of robust policies regarding conflicts of interest and whistleblower protections further supports its commitment to transparency and ethical governance.
While the organization has shown strengths in its accountability and finance areas, potential donors and stakeholders may still desire more information regarding its program impact and community effectiveness, as these aspects are not covered in the rating metrics. Overall, the rating highlights a well-managed organization with a focus on responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Retirement Center - Salisbury Inc legitimate?
Lutheran Retirement Center - Salisbury Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Retirement Center - Salisbury Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,188,861
For more financial information, click here
Official website here: www.lscarolinas.net
What is the mission statement of Lutheran Retirement Center - Salisbury Inc?
Lutheran Retirement Center-Salisbury Inc is dedicated to serving retirees with residential and assisted living services. Guided by their mission statement, "empowered by Christ, we walk together with all we serve," they support the Lutheran Services for the Aging, Inc. (LSA). This mission reflects a commitment to companionship and empowerment for those in their care. By working in partnership with LSA, they aim to provide a caring environment that fosters dignity and respect for all individuals. Their Christian-based approach encourages unity and collaboration, enabling them to make a positive difference in the lives of those they serve.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Retirement Center - Salisbury Inc?
Ted Goins is the Ceo/President of Lutheran Retirement Center - Salisbury Inc. The CEO's salary of Lutheran Retirement Center - Salisbury Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Retirement Center - Salisbury Inc?
Lutheran Retirement Center - Salisbury Inc's revenue in 2022 was $12,212,812.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Retirement Center - Salisbury Inc and what are their salaries?
The average compensation at Lutheran Retirement Center - Salisbury Inc during 2022 was $20,573. There are 155 employees at Lutheran Retirement Center - Salisbury Inc.
Here are 10 key members and their salaries (Lutheran Retirement Center - Salisbury Inc's CEO's salary is $0 and their total compensation is $384,553):
- Compensation: $0
- Related: $372,224
- Other: $12,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,943
- Other: $6,986
- Compensation: $0
- Related: $249,074
- Other: $16,049
- Compensation: $0
- Related: $238,498
- Other: $16,056
- Compensation: $209,074
- Related: $0
- Other: $9,237
- Compensation: $111,154
- Related: $0
- Other: $8,495
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Retirement Center - Salisbury Inc?
Lutheran Retirement Center - Salisbury Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lscarolinas.net
Learn more at the official website: www.lscarolinas.net
Mission Statement of Lutheran Retirement Center - Salisbury Inc
Lutheran Retirement Center-Salisbury, a faith-based organization, is dedicated to empowering retirees in their journey of aging. Aligning with the mission of Lutheran Services for the Aging, Inc., this esteemed institution walks alongside all it serves, guided by the principles of Christianity.
In simple terms, the Lutheran Retirement Center-Salisbury strives to provide essential residential and assisted living services to retirees, fostering a nurturing and inclusive environment. Its primary objective is to support the spiritual and daily living needs of older adults, embracing the Christian belief of unity and companionship. The team at the Center is devoted to creating a community where all feel valued and cared for, enabling them to thrive in their later years.
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Impact
October, 2024
Lutheran Retirement Center - Salisbury Inc significantly enhances the quality of life for retirees in its community by providing essential residential and assisted living services. Guided by its mission, "empowered by Christ, we walk together with all we serve," the center fosters a supportive and compassionate environment for its residents.
By offering personalized care and assistance, Lutheran Retirement Center ensures that aging individuals can maintain their dignity and independence while receiving the necessary support. The center's commitment to walking alongside those it serves creates a strong sense of community, helping residents connect not only with caregivers but also with each other.
This organization addresses critical needs in the Salisbury area, contributing to the overall well-being of its residents and their families. Through its services, Lutheran Retirement Center plays a vital role in promoting healthy aging and enhancing the life experience of seniors, ultimately making a positive impact on both individual lives and the broader community.
This information is meant to be a general summary of Lutheran Retirement Center - Salisbury Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $89,488
- Program Service Revenue: $10,414,964
- Gross Receipts: $12,234,088
Assets and Liabilities:
- Total Assets: $27,430,186
- Total Liabilities: $21,476,913
- Net Assets: $5,953,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEE REVENUE
Revenue
$8,647,682
ENTRANCE FEES
Revenue
$1,767,282
Organization Details
Founding Year
1986
Phone
(704) 637-2870Principal Officer
Ted Goins
Main Address
PO BOX 947, SALISBURY, NC, 281450947
Website
www.lscarolinas.netNTEE Category
Code: L22Z - Housing
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